Deccan Chargers reject sole bid for franchise

The auction for the IPL Deccan Chargers franchise on Thursday has ended in an anti-climax with the team’s owners receiving one bid, which they have rejected. This leaves the franchise’s future up in the air, with the BCCI’s working committee meeting on Saturday likely to take a decision on its next course of action.
The solitary bid reportedly came from PVP Ventures, a company that finances film projects in India.
“They [the franchise] informed us that the price and terms were not suitable so they did not accept it,” BCCI president N Srinivasan said in Chennai. “The BCCI assisted the…

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